Credit Agricole S A grew its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 771.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,259 shares of the basic materials company's stock after buying an additional 71,044 shares during the period. Credit Agricole S A's holdings in Cameco were worth $3,303,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Vanguard Capital Wealth Advisors acquired a new stake in shares of Cameco in the fourth quarter valued at approximately $839,000. Northwest & Ethical Investments L.P. lifted its position in shares of Cameco by 50.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company's stock valued at $1,750,000 after buying an additional 14,154 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its position in shares of Cameco by 41.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company's stock valued at $1,663,000 after buying an additional 11,879 shares during the last quarter. Nicholson Meyer Capital Management Inc. acquired a new stake in shares of Cameco in the first quarter valued at approximately $350,000. Finally, Balefire LLC lifted its position in shares of Cameco by 42.9% in the first quarter. Balefire LLC now owns 33,601 shares of the basic materials company's stock valued at $1,383,000 after buying an additional 10,081 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on CCJ. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a report on Tuesday, August 5th. UBS Group reissued a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the stock an "outperform" rating in a report on Tuesday, June 10th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Three investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $83.32.
Check Out Our Latest Research Report on Cameco
Cameco Price Performance
Shares of NYSE CCJ opened at $74.8320 on Friday. The stock has a market capitalization of $32.58 billion, a PE ratio of 86.01 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The business has a fifty day moving average price of $74.49 and a two-hundred day moving average price of $56.84. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $80.32.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company's quarterly revenue was up 46.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.
About Cameco
(
Free Report)
Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
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